Branding Strategies in the Luxury Goods Market: Managing Brand Identity, Customer Perception, and Competitive Positioning in a Saturated Market
- DOI
- 10.2991/978-2-38476-470-9_9How to use a DOI?
- Keywords
- Luxury brands; Brand identity; Customer perception; Competitive positioning; Branding strategies; Brand extensions; Ingredient branding; Omnichannel marketing; Responsible luxury; Luxury market
- Abstract
This study explores the branding strategies employed by luxury brands to manage their brand identity, customer perception, and competitive positioning in a saturated market. The luxury goods sector faces increasing competition, with new entrants and shifting consumer preferences challenging established brands. Through a comprehensive review of existing literature, this research develops a conceptual framework that links brand identity, customer perception, and competitive positioning to branding strategies such as brand extensions, ingredient branding, and omnichannel marketing. The study highlights the critical role of maintaining brand exclusivity while expanding product offerings and reaching new consumer segments. It also emphasizes the growing importance of responsible luxury and social responsibility in shaping consumer perceptions and driving brand loyalty. Practical recommendations are provided for luxury brand managers seeking to navigate the complexities of the luxury goods market, ensuring long-term sustainability and market leadership.
- Copyright
- © 2025 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Hieu Vo Minh AU - Ngoc Truong Thi Hue PY - 2025 DA - 2025/10/16 TI - Branding Strategies in the Luxury Goods Market: Managing Brand Identity, Customer Perception, and Competitive Positioning in a Saturated Market BT - Proceedings of the International Conference on Contemporary Studies in Social Sciences (ICSSSS 2025) PB - Atlantis Press SP - 97 EP - 108 SN - 2352-5398 UR - https://doi.org/10.2991/978-2-38476-470-9_9 DO - 10.2991/978-2-38476-470-9_9 ID - Minh2025 ER -